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IBBI Pushes for Direct Flat Ownership for Debt-Free Buyers Amid Real Estate Bankruptcy Resolutions

The Insolvency and Bankruptcy Board of India (IBBI) suggests granting ownership to debt-free purchasers who already own their property during the insolvent real estate firm's bankruptcy settlement. However, the committee of creditors must approve this plan.

By Admin

  • 8th Nov 2024
  • 1150 Views
5 Key Steps to Ensure a Safe and Informed Flat Purchase

Buying a new apartment is thrilling and scary. A comprehensive property evaluation is necessary to make an educated selection. This method reveals the property's genuine state and strengthens your negotiation position. Here are the stages to choosing, examining, and purchasing your ideal house.

By Admin

  • 23rd Jun 2024
  • 1201 Views
5 Essential Steps to Secure Your Flat Purchase - The Ultimate Checklist on Ghar

It's vital to acquire a flat smoothly and securely. For investment protection, follow these 5 steps: inspections, legal papers, occupancy certificates, permissions, and rigorous due diligence. Complete this Ghar checklist for a stress-free home buying.

By Admin

  • 6th Jun 2024
  • 1474 Views
Shahid and Mira Kapoor Purchase Luxury Sea-View Flat in Oberoi 360 West in Worli, Mumbai for INR 60 Crore

Shahid Kapoor and Mira Kapoor bought a luxurious sea-view flat in Oberoi 360 West in Mumbai's posh Worli neighbourhood. The luxury house cost over ₹60.41 crore, including stamp duty incurred.

By Admin

  • 29th May 2024
  • 1296 Views
2024 - Bengaluru Commercial Real Estate Market Facing Challenges

Commercial purchases in Bengaluru fell 14.3% to 12.5 million square feet in 2023. Knight Frank India ascribed this decline to US inflation and a slowing technology industry, which drives Bengaluru's office space demand.

By Admin

  • 9th Jan 2024
  • 1316 Views
NCLT Approves Suraksha Realty's Acquisition of Jaypee Infratech - 20K Homebuyers Relieved

A bankruptcy court has authorized Suraksha Realty's purchase of Jaypee Infratech, rejecting three appeals against the INR 7,936-crore resolution proposal and resurrecting the hopes of 20,000 home buyers who had been waiting over a decade for their promised flats.

By Admin

  • 16th Mar 2023
  • 1520 Views
How Will Exemption From Property Tax on Homes Under 500 Square Feet Affect Mumbai Real Estate Market?

Affordable housing is a hot topic nowadays, particularly in the Mumbai real estate market, where flat costs are fast increasing. However, the cost of the physical unit alone has an effect on the price, as do all the additional fees associated with the property purchase procedure.

By Admin

  • 23rd Feb 2022
  • 1547 Views
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